English

Tuesday, 09 January 2024

Skroutz: Average basket price up 8.5% during Christmas

The increase in the average price of consumer spending during Christmas holidays was single digit, according to Skroutz data. The well-known marketplace recorded online shopping traffic during this year’s Christmas…

Greek deals dominate the New York stock exchange

Acquisitions and mergers, new companies but also purchases of fleets as well as shares, which attracted the investment interest, had the “flavor” of Greece. The announcement of Star Bulk Carriers…

Greece to partiticipate in JP Morgan investment conference that attracts the interest of major companies

Fund managers of 10 trillion dollars will hold talks with Greek companies in New York during the JP Morgan investment conference, in the presence of Greek Prime Minister Kyriakos Mitsotakis.…

ACCI: Greek businesses continued to move on a positive trajectory in 2023

Greek businesses continued to move on a positive trajectory in 2023, despite the challenges due to inflation and high interest rates. Based on the data of the Athens Chamber of…

British bases in Cyprus ‘key’ in the battle against the Houthis

The British bases in Cyprus are expected to play an important role in securing navigation in the Red Sea as US President Joe Biden is now considering strikes against Houthi…

Tsiodras on Naftemporiki TV: Greece is close to acquiring the F-35

“The partnership between Greece and the United States is at a very high level,” the head of the Prime Minister’s press office, Dimitris Tsiodras, said in an interview with Naftemporiki…

DEI blue: European funding for the installation of fast charging points

The Public Power Corporation secured European funding for the further development of the DEI blue network of ultra-fast chargers (HPDC), through the Connecting Europe Facility (CEF) funding mechanism. In the…

Monday, 08 January 2024

The plan for carbon credits

The economic staff is examining a new institutional framework that will allow a more “green” exploitation of land as well as new lending terms of the agricultural sector. Carbon Credits,…

The government expects positive news on the F-35 program

The excellent level of Greek-US relations was confirmed in the recent meeting between Prime Minister Kyriakos Mitsotakis and US Secretary of State Antony Blinken while special emphasis was placed on…

Coastline regulations and 15% tax on multinationals in the first bills of the government

The Ministry of National Economy and Finance welcomes 2024 with two bills that will be put to public consultation in the next few days. The first one concerns the management…

Quest Holdings: New investment of 7.7 million euros in the energy sector

The listed company purchased a photovoltaic plant in Pella for 7.7 million euros. More specifically, Quest announced the acquisition of the fixed assets of a 4.48MW photovoltaic power plant, in…

20 industrial parks to be financed by the Recovery and Resilience Facility

The construction of new industrial parks in Greek territory is aimed at strengthening the country’s industrial base. More specifically, Deputy Minister of Development, Anna Mani-Papadimitriou, signed a decision to include…

Greece welcomes 2024 with the issue of a large bond

The first Greek bond for 2024 is a matter of days, as the Public Debt Management Organization (PDM) is expected to proceed with the front-loaded implementation of the country’s borrowing…

The role of the Piraeus port in the shipping cluster

An important opportunity for Greece and the Greek economy in 2024 is the rebirth of the shipping cluster with focus on the port of Piraeus. Despite the geopolitical developments, a…

Greek start-ups on a dynamic upward trend

The Greek ecosystem of start-up technology companies has changed radically lately, Markos Veremis, co-founder of Upstream, BigPI Venture Capital partner and chairman of the Hellenic Federation of Enterprises Committee (SEV)…

Golden year for mutual funds

Mutual funds recorded an impressive increase of 44.04%, translating into 4.83 billion euros in 2023, with investors rushing to take advantage of the current high interest rates. According to the…

2024 a dynamic year for the future of Piraeus Port

The management of Piraeus Port Authority (PPA) welcomed the COSTA Deliziosa – the first cruise ship in the port of Piraeus, for the new year. The cruise ship with 2,500…

Friday, 29 December 2023

Ten years of Belt and Road Initiative

In 2013, China announced a global infrastructure investment project, the Belt and Road Initiative (BRI) with main objectives to promote cooperation, prosperity and joint development between China and participating countries.…

Thursday, 21 December 2023

Travel receipts jump and imports plunge shrink current account deficit

The current account deficit shrank significantly in October, as imports contracted faster than exports, while travel receipts continued their upward trend. According to the data released by the Bank of…

Consumer climate under pressure – 1 out of 2 Greeks to reduce spending

A slight deterioration in the consumer climate, with low expectations for consumers in the next six months, was recorded in the 9th survey of consumer trends in retail trade carried…

Plans to restructure and revive the shipbuilding industry are proceeding rapidly

“Plans to restructure and revive the shipbuilding industry are proceeding rapidly,” Deputy Development Minister Anna Mani at the 1st Conference of the Greek Shipyards Union representing Prime Minister Kyriakos Mitsotakis.…

Tourism contribution to GDP amounted to 24 billion euros in 2022

The direct contribution of Greek tourism to GDP is estimated at approximately 24 billion euros or 11.5% in 2022, with five regions representing almost 90% of the country’s receipts, three…

Diana Shipping on track for eco-friendly solutions

The energy efficiency profile of Diana Shipping, owned by Semiramis Paliou, has improved, according to the data presented in the ESG 2022 report. “During the last year, we have reduced…

ELVIAL launches an 8-million-euro investment program

The aluminum company ELVIAL S.A. is launching new investments that are expected to reach 8 million euros over the next five years, following the 28-million-euro investment program that was concluded…

Portfolio development: Intrakat and PPC Renewables partnership for green energy

Intrakat expects significant profits from the development of its Renewable Energy Sources (RES) portfolio, having now secured a strong partner, PPC Renewables (a 100% subsidiary of PPC) among the most…

Attica is ready for the next day of Greek shipping sector

“Attica is ready for the next day of Greek shipping,” the president of Attica Group, Kyriakos Mageiras, said at the 1st Conference of the Union of Hellenic Shipyards. Mageiras referred…

European financing opportunities for Greek businesses in 2024

The Athens Chamber of Commerce and Industry (ACCI) and EY Greece organized an informative event regarding financing opportunities for Greek businesses through European indirect and direct programs. the European financial…

Wednesday, 20 December 2023

Greek shipowners order new bulk carriers

Greek shipowners are signing new bulk carrier building agreements, managing to secure even now attractive delivery times within 2026. Century Bulk Carriers, the dry cargo arm of the Chandris Group,…

Mytilineos becomes the largest bauxite producer in the European Union

The Hellenic Competition Commission approved the acquisition of 100% of the shares of Imerys Bauxites by Mytilineos Energy & Metals. Imerys Bauxites activity is to be merged with Mytilineos’ wholly-owned…

BoG: Growth rate at 2.5 pct in 2024

The Bank of Greece (BoG) downgraded its estimate on growth rates in 2024, according to the Interim Report on Monetary Policy released on Wednesday. More specifically, the growth rate of…